Charter Hall Retail REIT Snaps Up Four Bunnings Stores for A$151 m to Bolster Net-lease Portfolio

Source: International Business Times

Charter Hall’s A$151 m Bunnings buy: A strategic boost to its convenience-retail platform SummaryAustralian property trust Charter Hall Retail REIT (ASX: CQR) has acquired four Bunnings hardware-store properties for A$151 million. The outlets are located in regional centres: Goulburn (NSW), Toowoomba, Airlie Beach and Cairns in Queensland. Lease terms extend up to ten years, with fixed annual rent reviews of between 2.